Real Estate Market In India
With property boom in India spreading across all directions real estate business is touching a new height every day. Additionally the growth of this sector depends on the policies adopted by the government to make investments mainly in the economic and industrial sector easier. The new stand chosen by Indian government in regard to foreign direct investment FDI policies has inspired confidence an increasing number of countries to make investment in Indian properties.
India has displaced the United States as the secondmost suitable destination for FDI in the world. As the investment scenario is changing India has attracted more than four times foreign investment at US 8.96 billion during the first half of 200607 fiscal as against US 3.38 billion during the corresponding period of 200506. And this achievement is making India amongst the “dominant host countries” for FDI in Asia and the Pacific APAC.
The positive point of view of Indian government is the key factor behind the unexpected rise of the Indian real estate market. The real estate sector is the second largest employer after agriculture sector in India. Today this growing sector is witnessing development in all areas such as retail residential and commercial in metro cities of India that include Mumbai Kolkata Chennai and Delhi NCR. Easier access to bank loans and higher earnings are some of the primary basis behind the sudden jump in real estate sector.
Why Invest In Indian Real Estate?
Owing to vigorous boom in real estate sector property in India has become a dream for every potential investor who is looking forward to dig profits. All are eyeing for a share in Indian property market for a variety of reasons:
The Indian growing economy is on a continuous rise with 8.1 per cent increase witnessed in the last financial year. The sudden boom in Indian economy increases purchasing power of its people and creates demand for real estate sector.
India is producing an estimated number of 2 million new graduates from various universities during this year which is creating a demand for 100 million square feet of official and industrial space.
Fortune 500 companies are in good presence and other reputed companies will attract more companies to initiate their operational bases in India thus arising more demand for corporate space.
Investments in real estate sector of India are paying huge dividends. More than 70 percent of investors belonging to foreign countries are making profits and another 12 percent are breaking even.
Aside from IT ITES and Business Process Outsourcing BPO India has shown its expertise in sectors like pharmaceuticals autocomponents apparels chemicals and jewellery where it can match the best in the world. These positive inherent characteristics of India are definitely going to attract more foreign investors in the near future.
About the writer: Martinez Collins has been associated with Real Estate. Having good experience in real estate India her advice is very helpful for investment in real estate India and basically her in depth knowledge about real estate development in Gurgaon visit http://www.hotgurgaon.com/.
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